Ternium SA (TX) Stock Rating Lowered by HSBC
Ternium SA (NYSE:TX) was downgraded by investment analysts at HSBC from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
Several other equities research analysts also recently weighed in on the company. Itau BBA Securities raised Ternium SA from a “market perform” rating to an “outperform” rating in a report on Thursday, November 3rd. Zacks Investment Research cut Ternium SA from a “buy” rating to a “hold” rating in a research report on Thursday, October 6th. Credit Suisse Group AG reiterated a “hold” rating and issued a $21.00 price objective on shares of Ternium SA in a research report on Tuesday, September 27th. JPMorgan Chase & Co. increased their price objective on Ternium SA from $27.00 to $29.50 and gave the stock an “overweight” rating in a research report on Friday, August 5th. Finally, TheStreet upgraded Ternium SA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ternium SA currently has an average rating of “Buy” and a consensus target price of $22.68.
Ternium SA (NYSE:TX) opened at 24.40 on Wednesday. Ternium SA has a 12 month low of $10.28 and a 12 month high of $26.50. The firm has a market cap of $4.79 billion, a PE ratio of 13.65 and a beta of 1.38. The stock’s 50 day moving average is $21.71 and its 200 day moving average is $20.44.
Ternium SA (NYSE:TX) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.29. Ternium SA had a return on equity of 11.49% and a net margin of 5.29%. The firm earned $1.86 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the company earned $0.13 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities analysts forecast that Ternium SA will post $2.71 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacad Investment Ltd. purchased a new position in shares of Ternium SA during the second quarter worth $111,000. Quantbot Technologies LP boosted its position in shares of Ternium SA by 22.5% in the second quarter. Quantbot Technologies LP now owns 6,298 shares of the company’s stock worth $120,000 after buying an additional 1,158 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of Ternium SA during the second quarter worth $145,000. Smith Asset Management Group LP purchased a new position in shares of Ternium SA during the second quarter worth $198,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Ternium SA during the third quarter worth $218,000. Institutional investors and hedge funds own 21.18% of the company’s stock.
Ternium SA Company Profile
Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.
Receive News & Stock Ratings for Ternium SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ternium SA and related stocks with our FREE daily email newsletter.